Unstable

Dorothy has tolerated me for 47 years. My dog is 11. This pathetic blog has been grinding it out for nine years. And my current financial business is heading towards its tenth. Other than that, I have a dangerously short attention span. It could account for all the houses owned in various cities over the years. It probably explains the entrepreneurial volatility. Once something is done, working, finished, it gets bor-ing. Like a gnat with a line of credit, I buzz off in another direction and buy something new.

Well, it’s happened again. Since this blog has sometimes included an update on my offline activities, here’s the latest news.

In late 2015 I bought a geriatric pile of bricks in the touristy countryside north of Toronto, rebuilt the 1888 structure and opened the Belfountain General Store. The emporium, wannabe Sbux and gourmet ice cream hangout came to employ 19 people and actually make money. Who knew? My job was sweeping the patio, talking to bikers and staying out of the way of Lorna and The Girls. And the customers kept coming.

This past week I sold it after receiving an offer I didn’t wish to refuse and which released my inner gnat. As of today Lorna and her crew will be working with a new owner-operator who’ll probably do a lot more than sweep. It’s bittersweet, of course. The store was a cool thing and the deed made me proud. Love creating stuff, and giving people jobs. But it was just running too smoothly, efficiently, seamlessly. Apparently I thrive on chaos. And get bored fast.

So off to the next mess.

It’s a 111-year-old pile of grey granite with a copper dome on the top, a personal-use vault, safety-deposit boxes, bullet-proof glass and foot-thick slab floors. Yes, a bank. When BeeMo pulled up stakes after cashing cheques and taking deposits here for 110 years, it went on the market, sat dejected and leaking, waiting for some fool to arrive. That would be me. Now it’s my bank, which means Bandit, Dorothy and I are good for when the zombie apocalypse comes.

Actually this will be a weird but memorable office for my financial business. It’s located in a place I love being, splitting my time between there (on the sea in Lunenburg, Nova Scotia) and the Big Smoke (the 53rd floor of a scary Bay Street bank tower).

Of course, my guys had to rip out a mess of bank wickets (now I know exactly where those panic buttons are located), untangle decades of cables from endless renovations, demolish the ATM enclosure, throw up some walls, rewire the place (anybody want a rack full of B of M servers?), pull off signage and, best of all, restore the banking hall the way it was originally built. The architects, Peden & McLaren, had fashioned the little fortress along the lines of the head office branch in Montreal, with classical lines, soaring ceilings and carefully-balanced details. As you might imagine, nobody cared about that in the 1960s when an addition was built and everything curvaceous was made square. Well, it’s curvy again.

A big deal was pulling a 60-year-old night deposit safe, weighing 3,000 pounds, out of the original doorway where it has been stuffed, cemented in and faced with stone. That happened this week thanks to a couple of guys who work for glory and beers. Now we can restore that opening with a door being hewed for the occasion.

Yes, I know. It would have been easier and cheaper to rent space. But this way I will have unique corporate office space to lease out, great digs for my own business, the satisfaction of rescuing an iconic pile of stones and a peaceful respite when the walking dead arrive. The vault might also make an ideal day care facility, I’m thinking.

All I can say is ‘WOW!!!’. Love well built (stone, marble, granite, brick etc.) buildings. Also love Lunenburg & the entire south shore area of NS. Looking forward to spending some quality time there later this year. Will definitely make an effort to stroll by the revitalized edifice on my next visit.

Why did beemo have such a small safe? I guess that was a really small local branch. Most decently large banks have room sized ones. Around Montreal there’s been building conversions that simply left them in – forget moving literally tonnes of concrete, brick and metal.

Whilst not as grandiose as the ‘real’ one located here on St. James (St. Jacques), at least you KNOW it’s solid and worth owning those bricks. Cool and unique, I always like old commercial RE renovations.

That was the night deposit box, not the safe. It’s the size of an average moister condo. – Garth

Mr. Dressup’s plan to subsidize the Texas mega corporation wanting to build a dirtiest oil (tar sand) pipeline in BC is interesting. Sounds like he wants to use our tax dollars, and that also sounds like a subsidy under NAFTA laws. If that every gets re-negotiated I’m sure the US Oil Barons and their attorneys will have a field day.

Well Garth good luck on the new adventure. nothing like rolling the dice,but i think you will do fine. its all about entrepreneurship and taking risk that makes this country great. lets hope our elected officials do not screw it up,or legislate laws that make it impossible to win when a person rolls the dice. Cheers!

“Apparently I thrive on chaos. And get bored fast.”-GT
———————————————————–

Got the perfect ‘fix’ for you, Garth: invest/speculate in precious metals; not a boring day in your life!
And if the equities don’t offer you enough excitement, you could always try Futures. It’s where boys become men! :)

Actually this will be a weird but memorable office for my financial business. It’s located in a place I love being, splitting my time between there (on the sea in Lunenburg, Nova Scotia) and the Big Smoke (the 53rd floor of a scary Bay Street bank tower).
………………………………………………………………….
This place has charm and architectural characteristics not found very much in the big smoke. Never been to Canada’s east coast I hear it is pretty and the people are nice.

Garth is truly impressive in terms of being busy and getting things done. Clearly great at multi-tasking.

I just visited Amsterdam where 350 year old town houses on the canals are still very much in use and are THE prime real estate. Meanwhile on my street near Edmonton a 36 year old two story house was completely torn down a couple of years ago including the foundation and replaced with what is admittedly a much nicer house. But I was shocked. The owners of the 36 year old house had owned it for about 20 years and rather than renovate or move they decided to tear down. Had that circa 1980 house been of better quality it would not have been torn down.

The Bank of Montreal building , thanks to Garth, is likely to be around for its 200th birthday. Well done.

I just visited Amsterdam where 350 year old town houses on the canals are still very much in use and are THE prime real estate. Meanwhile on my street near Edmonton a 36 year old two story house was completely torn down a couple of years ago including the foundation and replaced with what is admittedly a much nicer house. But I was shocked. The owners of the 36 year old house had owned it for about 20 years and rather than renovate or move they decided to tear down. Had that circa 1980 house been of better quality it would not have been torn down.
___________________________________________

That’s what happens when houses are made of MDF. I’ve never really understood the premise of buildings made entirely of wood, do people want them to fall apart and need rebuilding every 50 years?

I’m from the UK (obviously) and there are plenty of houses still going strong from the 1600’s or even older. Sure, they might need some renovation, but beats knocking it down twice a century. Stone/bricks have such great character too. North American houses are entirely characterless and boring.

Shame about the Belfountain store (been there in the past and moving up that way end of this month, so more visits anticipated), but always happy to hear of a place being restored to its former glory.

I sincerely hope you shipped the wickets and other selected debris back to Toronto where it can be peddled to hipsters (to ironically decorate their soulless 2015-build condos) for quite ridiculous sums of cash.

You don’t know me or how well/badly I do in the markets, Garth so you’re just assUming things. Just because I view the financial markets as a “cash-cow” does NOT make me a cowboy! Like I’ve stated before, I’m a ‘pig’ (as Stanley Drukenmiller explains it).
I’ve studied the methods I use for over 10 years, and have been ‘mentored’ by someone who’s a multi-millionaire (+$20M), enriched from using those methods (not commissions from clients).

Glad you made money though, on Belfountain. But it sure sounded as if making money wasn’t the primary objective when you bought it. Whatever happened to the buy-and-hold strategy of a diversified/balanced portfolio?

WTF is this? I come to this blog only to reinforce my bearish outlook for Canadian real estate. This should been a Sunday post at best Garth. Now I’ll need to get my doomer real estate fix from the comment section on here. For shame.

Congratulations Garth. It really is a great lifestyle to live in a big city, and have access to a quieter place to spend time. My wife and I motored through the Maritimes for two weeks and a weekend some years back. It was highlight after highlight but Lunenberg was a gem of a town, and a UNESCO world heritage site no less.

Great food, great people and one of the most picturesque towns on the planet. Best wishes for a successful renovation, with all the hassles on the journey it will be more than worth it in the end. Just be sure to build a wall to keep out the incomers.

I have been reading your blog for a few years now. I have some thoughts and was wondering what you/readers think.

I want to sell my house and downsize and move to a less expensive area with universities close by as my kids will be attending them in a couple of years. I enjoy working part time and my husband would like to retire from his stressful job. We can manage this and retire at 55 but we still have the 10 years or so of putting kids thru school. I suggested to my husband that if he quit his job and we reduced our income that our kids would qualify for Osap the grants would pay for half the uni costs and they would qualify for loans. We have RESP saved and if we kept it until they were almost finished uni the investments interest alone would pay off their student loans. My husband thinks the idea is ok except that he thinks that the government at anytime could change the osap rules. What do you readers think? So close to retirement…lol

My grandfather, on my mother’s side, was born in Lunenberg in the latter part of the 19th century.

As an adult he moved to Vancouver where he became a successful carpenter/contractor but was financially destroyed there by the Great Depression.

I’ve never been to Lunenberg, but it is an historical community for certain.

I don’t know what or how you feel about the ocean.

But I’ve sailed the Atlantic as a passenger a couple of times aboard ocean liners where one voyage was terrifying because of the hurricane our ship had to plough through. Plough through it did! Yikes.

Herewith, and as you relocate in part to the Atlantic Seaboard, I offer to you what I can only describe as an immortal poem of the sea penned about a century ago by the British Poet Laureate John Masefield, himself a mariner. He died in 1967 at the age of 88.

SEA FEVER

I must go down to the seas again, to the lonely sea and the sky,
And all I ask is a tall ship and a star to steer her by,
And the wheel’s kick and the wind’s song and the white sails shaking,
And a grey mist on the sea’s face and a grey dawn breaking.

I must go down to the seas again, for the call of the running tide
Is a wild call and a clear call that may not be denied;
And all I ask is a windy day with the white clouds flying,
And the flung spray and the blown spume, and the sea-gulls crying.

I must go down to the seas again, to the vagrant gypsy life,
To the gull’s way and the whale’s way where the wind’s like a whetted knife;
And all I ask is a merry yarn from a laughing fellow-rover,
And a quiet sleep and a sweet dream when the long trick’s over.

So, St. Garth of Steep Seas and Howling Gales, let’s hope you develop sea legs strong enough to be able to continue tracking the rolling and pitching of Canada’s waterlogged and listing-to-starboard real estate market.

That house across the street needs more pink.
Is there a reason why the sidewalks have an orange hue?
Those guys that work for beer? Did they damage the sidewalk at all? I don’t know about their one sheet of plywood method. No damage? You got lucky.

“He wears suits made by the Ghanaian-British Savile Row designer Ozwald Boateng over worn Italian loafers, and carries a weathered gray Louis Vuitton briefcase with a heavy metal clasp. His business card is milled from galvanized metal. By his estimate, the total value of sales he has brokered exceeds $4 billion…

…His groundbreaking storefront concept rested on a simple premise, which might be called, in contrast to the “foot traffic” that animates most retail, Bentley traffic…

…The store’s interior has been furnished as a gallery of sumptuous surfaces: panels of midnight blue velvet offset with enormous beveled mirrors; columns and floors in a storm-cloud-patterned marble; rectilinear sconces of a translucent black-veined marble; timbering of dark lacquered walnut and mahogany; side tables set with purple succulents in glimmering copper spheres and moon-white orchids. To the rear is a clubroom, supervised by a large photograph of Frank Sinatra and Dean Martin on an aircraft’s staircase…”…

#15 mike from mtl on 05.11.18 at 3:59 pm
Why did beemo have such a small safe? I guess that was a really small local branch. Most decently large banks have room sized ones. Around Montreal there’s been building conversions that simply left them in – forget moving literally tonnes of concrete, brick and metal.

Whilst not as grandiose as the ‘real’ one located here on St. James (St. Jacques), at least you KNOW it’s solid and worth owning those bricks. Cool and unique, I always like old commercial RE renovations.

That was the night deposit box, not the safe. It’s the size of an average moister condo. – Garth
////////////////////

Great buy Garth
It’s a great spot in a nice place and I would gather you’ll turn it into a great income producing investment bought for a song
There are always bargains even in frothy markets
Best of luck with this

Just got back from a week in Halifax – food, beer, waterfront, music, amazing history and a swanky new convention center, what a great vibe. There is a huge military fort in the middle of the town. Like, right there. How cool is that? Sad to come back to Ottawa. Ottawa’s nice. But it’s no Halifax :(

Good on ya Garth.
We did the tour down there and I noticed a similar “keeper” in Wolfville for sale. The forgiveness angle was not going to work….my better half was right there. However, we both loved the place.

I’ve never really understood the premise of buildings made entirely of wood, do people want them to fall apart and need rebuilding every 50 years?

No, they want them insulated. Which wears out over time.

I’m from the UK (obviously) and there are plenty of houses still going strong from the 1600’s or even ….Stone/bricks have such great character too.

It doesn’t get to -30 in London. Amsterdam might get a frost once or twice in February. Where I live, it won’t go above zero for MONTHS. Water left outside at Christmas will freeze and stay frozen until March. Edmonton is the same.

Garth, been to Lunenburg a few times and absolutely love the town and the special vibe. One of my favourite pubs of all time “The knot pub” Fresh Steamed Mussels to die for.
Garth will be on the South shore in early October will drop in to say hello. Well done you are one of the few that follow their dreams ! good on you.

And a very wise decision on your part to sell off Belfountain before Emasculated Smoking Turd made another visit.

For sure just smelling his lingering presence there would have dropped any offers by $500K.

Now you’ve got that cash to spend on a new bike and Just For Men!

—

it wasn’t sm, it was me who was stoking him, last time i was there i keep low profile not making eye contact, but Mrs T. made me… She asked me “Are you Garth’s friend, yes i remember you.” frend, no friend i just know him a bit i sed, and i choked up a bit, in a manly kind of way… I would do same thing i was him, but ill be going back for sandwiches and icescreams. i don’t look forward driving to NS every so often.

You are truly one of the Last Mohicans in our country Garth. None of our young best want to be entrepreneurs today. They want public service jobs with big defined benefit pension plans supplemented by the overburdened taxpayer.
Our banks treat entrepreneurs like dogs. You already have to be a success before one of the big five treat you like a decent person. Read some of these blogs to see where these people need to go to get financing and the
rates they have to pay.
Social justice is the rage in this country. People here are all about court protection. Who owes me what?
Our governments pander to these voters and debt is their mantra and the people don’t have the resolve to stop the insanity.
The country is in free fall as good private sector jobs continue to disappear. As the housing market falters reality will set in. Venezuela is our destiny.

As others have pointed out Canada has a lot of trees besides the 3 measly ones you have. I have probably 40 good size trees on my property (never counted them, but there are a lot) but no I will not get a tax credit for that.

However in the city if you want to cut one down there is now a $4,000 fee because they are of course environmentally important.

Canada is definitely guilty of clear cutting in the past, but for some time now the cut forests have to be replanted. Sure it takes 20 years for a replanted forest to be the carbon consuming behemoth it once was, but it comes back eventually.

CO2 is plant food. Without CO2 in the air all plants would die which means all life on the planet would die. This is never discussed in the debate. Instead CO2 is described as a poisonous pollutant. This is absolute balderdash, there must be CO2 in the air, the only question is how much and how fast it can increase.

And you and the other commenters are right, Canada is a net carbon sink because of all the forests and farmland too.

In years past carbon based fuels were responsible for a lot of nasty pollutants like SO2, NO, NO2, lead, etc. But that’s mostly been cleaned up. To throw CO2 in with that mix of nasties is just silly. It’s plant food! That’s how it got to be oil in the first place! Plants absorbed the CO2 and then got buried. Coal is trees folks! Highly polluted trees due to being buried, but trees none the less.

Greenhouses regularly “modify” the air inside to contain more CO2, because the plants grow faster and bigger. How they do this is pretty simple: heat with natural gas and divert part of the exhaust into the greenhouse. So obviously a little more CO2 isn’t hurting the plants, they like it.

It is true that if you raise the CO2 level high enough it can suffocate animals. But that’s because it crowds out the oxygen at say around 12%. But we aren’t talking percent, it isn’t even possible if we burn all the economically recoverable carbon on the earth, we are talking parts per million. A 1000 fold increase in the amount of CO2 in the atmosphere isn’t going to kill anyone and the plants will be just as happy as a bug in a rug. The only question is will the planet be warmer and by how much.

One thing I have really grown to hate is how language can be turned into word salad so easily. Just put a bunch of words together and suddenly people think it’s true. “CO2 is a pollutant” is a great example. It’s not true, but people believe it. It’s a word salad. “CO2 is plant food” is true but now everyone is worried about it being a pollutant. Can it be both? Well I suppose it is possible to over-fertilize.

And this bullcrap has been going on for a long time. Years ago I used to buy “Magic School Bus” videos on VHS for my kids. They are grown now and I don’t think the VHS player works anymore but I might still have the tapes. Anyway, one episode was about photosynthesis and somehow they got through the whole episode without mentioning CO2 once. Instead, they always referred to it as “air”. As if there is really such a thing as “air” on the periodic table of elements. In fact, “air” is “By volume, dry air contains 78.09% nitrogen, 20.95% oxygen, 0.93% argon, 0.04% carbon dioxide, and small amounts of other gases. Air also contains a variable amount of water vapor, on average around 1% at sea level, and 0.4% over the entire atmosphere.” The plants ignore the nitrogen, expel the oxygen (that’s where it came from while plants were making all the oil and coal), couldn’t care less about the argon, but the CO2 is critical to them. They can’t live without it.

Anyways quite a diversion from Garth’s new project, but to me these idiotic carbon taxes are a much more pressing subject when it comes to financial planning than that. I mean good for him and I hope it works out well, but carbon taxes are going to be the final nail in the coffin for most of us. Most people are already under water at the end of every month. We simply can’t afford to have the HST doubled.

Nice!
Restore one old building and then move on to the next restoration project.

A bank machine in the original entrance…..a well deserved demo.

I hear the Historical committee in Lunenburg can be a bit of a pain. Gets right down to the color of paint you are allowed to use……
How’s it been so far with the renos and historical regs?
Do they love you or your dog?

It isn’t better to ask forgiveness and not permission. It’s just easier.

I’ve been to your downtown Toronto offices, both of them. The traffic one endures to get there is horrendous. I’d rather drive to Lunenburg to your new office when it’s up and running than attempt Toronto on my own. And now this (and the last verse seems apt somehow):

The Old Grey Squirrel

A great while ago there was a schoolboy
who lived in a cottage by the sea,
And the very first thing he could remember
was the rigging of the schooners by the quay.
He could watch ’em from his bedroom window
with the big cranes a-hauling out the freight,
And he used to dream of shipping as a sea-cook
and a-sailing for the Golden Gate.

He used to buy the yellow penny dreadfuls,
he’d read ’em where he fished for conger eels,
As he listened to the slapping of the water
the green and oily water round the keels,
There were trawlers with their shark-mouthed flatfish
and the nets a-hanging out to dry,
And the skate the skipper kept because he liked ’em
and the landsmen never knew which ones to fry.
There were brigantines with timber out of Norway
just oozing with the syrups of the pine,
There were rusty dusty freighters out of Sunderland
and clippers of the Blue Cross Line.

To tumble down the hatch into a cabin
was better than the best of broken rules,
For the smell of ’em was like a Christmas dinner
and the feel of ’em was like a box of tools,
And before he went to sleep in the evenings
the last thing that he would ever see,
Was the sailormen a-dancing in the moonlight
by the capstan that stood beside the quay.

Now he’s sitting on a high-stool in London,
the Golden Gate is far away,
For they caught him like a squirrel and they caged him,
now he’s totting up accounts and turning grey,
And he’ll never get to San Francisco
and the last thing that he will ever see,
Is the sailormen a-dancing in the moonlight
by the capstan that stands beside the quay.
To the tune of the old concertina
by the capstan that stands beside the quay.

Oh so I see it did. A 1000 times increase in CO2 would bring us to 40% which would clearly kill all oxygen breathing animals but a 100 fold increase would bring us to 4% CO2 which pretty much everything can survive as long as the planet doesn’t melt but more likely a 100% increase to 800 ppm would be tolerable depending on the effect on the temperature.

Unfortunate the Belfountain is no more. Anyone who thinks that Lorna and the Girls will survive this change is smoking some pretty sweet stuff. Look for that little universe to go the way of the frog pond when faced with the bulldozer.

Interesting bank. Maybe go condo? Those foundations could easily hold a tower. Prob way better than the steel poles driven into the ground method that is all the vogue in Toronto.

I still own every building I’ve ever bought save one. Off loaded a townhouse in Barrie at peak RE when it was clear I’d never get more for it.

At any rate best wishes to the Belfountain. If a year from now it get a bulldozed and replaced with a gas station don’t say I didn’t TYS

Advice from a former bank building owner. Get someone to show you how to unlock the vault from the inside. You may never need that info…but you just might. If someone robs the place they will probably lock you in there so they can get away easy.

#101 Nonplused on 05.11.18 at 8:07 pm
… a 100 fold increase would bring us to 4% CO2 which pretty much everything can survive…

—-

I’m all for non-hysterical, fact-based approaches to the environment, but you don’t do the cause much good by randomly guessing about things and presenting them as facts. 4% CO2 is the concentration in human exhalation, and if you tried to breathe that for any length of time, you would be in acute distress (grab a plastic bag and try it). Starting at around 7% it can cause death pretty rapidly but long-term exposure causes problems at much lower levels. The occupational safety limit is 0.5%, which produces significant blood chemistry changes in days. Cognitive decline is found at 0.1%. Bodies are delicately balanced things and you cannot just make a 100 fold increase in the partial pressure one of the two keys gasses for life without impact.

If you want the conversation to be about science, make sure you have it right.

As the owner of a 115 year old rental house, complete with all original millwork and doors with original finish, original carved staircase, and original hardwood floors, I am envious. My place does not have a vault, but it does have its original plaster, which I swear is really steel.

Vancouver Brit, perhaps you think Canadian houses have no character because you’re in Vancouver. Head east, full of old charmers.

This is another example of what I have been trying to tell people on here about Vancouver detached,it is not just the people up the top of the tree losing money.
These guys couldn’t turn a profit despite on being on the second rung of the Vancouver ladder.

Result,Pink Snow
Probably a 180k mistake

1285 Sherman Street, Coquitlam paid 1.08 May 2017 ass 1.12 asking 998

Paid 1.08

Sold 1.25

These guys after expenses probably made around 100k if they didn’t go crazy with extra-curricula activities.

Result, Green Snow

So by coincidence Burnaby Renter helped me show the bigger losses the other day, but if someone spends the time I will try to follow through.

Dirty Shyster,thanks for doing this and helping me provide a more timely service to the citizens of Vancouver who are curious to see what is going on through the media blackout…

Be careful with the day care idea. My niece runs a very large daycare in Hamilton Ontario. The govt of the day introduced legislation giving two paid sick days off a month. Which means she has to pay the people who are off PLUS pay for two people to replace them. She is thinking of just going bankrupt or making it a non profit.

A couple of decades ago, I was part of a crew working on a local RBC renovation. Part of the job was busting out the vault. 3 guys with pneumatic jackhammers going at it non stop for days removing the concrete. The noise was deafening, and the cloud of dust so thick, you could barely see 6 feet through it. The scene of carnage was really quite intense, like we’re all working in the bowels of the mines of Moria.

That old building is cool as heck, and those granite walls will still be standing there 1000’s of years from now if on a solid foundation (looks close to water, might even be sitting on bedrock) and left alone. Nothing like millions of years old igneous rock for a solid building material :).

I’m formulating a theory for the stock market since 2009 in America. I’ve noticed the ultimate goal of the FED and central bankers seems to be to fleece every hedge fund. The only time all the hedge funds went long was January 2018 and the market fell. Wednesday May 9, 2018 Bridgewater a big hedge fund went short and also told all their clients to go short the market. The DOW went straight up and will probably go up Monday, Tuesday and Wednesday next week to fleece Bridgewater. So when playing the stock market it might pay to watch what the hedge funds all do and then do the opposite. The DOW looks destined to hit 25,350 by this Wednesday at the latest.

A friend of mine who is an electrical contractor was hired to remove/ upgrade all the rusty electrical conduit in the Park Royal Mall parkade in West Van.
The job involved working at night after it closed.
Was gonna take several weeks in sections. Block off 50 stalls , set up scaffolding, turn the power off to the lights, remove the lights, chip out the conduit, replace, etc.
Dark, dusty, unbelievably loud jackhammering.
All went well for about a week.
Until we were working directly beneath the Bank vault… jackhammers set off the “vibration” alarms.
We’re oblivious to it all the commotion until we stopped about 30 minutes later.
Turned around and there are 4 cops pointing shotguns at us……..yelling for us to get on the ground…..as we’re standing up on 10 ft of scaffold…… if we laid down they wouldn’t be able to see us…….. not the best and brightest in West Van…….
The bank manager forgot to let his alarm company know we were working under his vault that night even when we had reminded him earlier in the day.

Your hypothesis on the Fed having it in for Hedge funds seems a bit far-fetched to me. I think the poor performance of Hedge funds can be much more easily explained by their insistence on trying to time markets.. never a good idea to begin with. Why people invest in these things is to me one of life’s great mysteries.

Banks will lower rates if mafia which rules this criminal enterprise decide so. Buy as all criminals do and you will be on the top of the case. This bedlam is safe haven for all the wrongs in this world. And is now in the faze of chaos. Everything is commodity. Your life, your kids, your wife vagina… When marijuana high driver kills your kid just think how much money you made on marijuana stocks.. It will help you.

Garth’s Instagram Posts

The views expressed are those of the author, Garth Turner, a Raymond James Financial Advisor, and not necessarily those of Raymond James Ltd. It is provided as a general source of information only and should not be considered to be personal investment advice or a solicitation to buy or sell securities. Investors considering any investment should consult with their Investment Advisor to ensure that it is suitable for the investor's circumstances and risk tolerance before making any investment decision. The information contained in this blog was obtained from sources believed to be reliable, however, we cannot represent that it is accurate or complete. Raymond James Ltd. is a member of the Canadian Investor Protection Fund.